Cryptomarket Analysis July 19
Main page Finance, Cryptocurrency, Bitcoin, Ethereum, Dash
Hot topic
19 July

What happened with bitcoin, ethereum and dash rates over the past 24 hours.

Bitcoin

Currently, bitcoin (Bitcoin) is fluctuating in the $7,250 – 7,590 area. Today the most probable scenario is the test of upper border.

Daily Scenarios

1. Bullish

Bullish scenario has not changed since Wednesday. The primary target for bulls is the mark of $7,590, then we can see a possible movement to the area of $7,700 – 7,800.

2. Neutral

Perhaps today the most likely scenario is a neutral one (as it’s the most suitable for further growth). It provides a $7,590 test and a consolidation in the $7,466 – 7,590 area for a further upward breakthrough.

3. Bearish

Bearish scenario looks rather disappointing. The nearest real level, that is able to support bitcoin, is $6,721. Buyers' interest will most possibly fix at $7,145 and $7,034 marks.

Ethereum

Ethereum (ETH/USD) has returned to the high-volume area of $466 – 483 (yesterday we noted that the neutral scenario is unlikely, and from the remaining, we chose the bearish one).

Daily Scenarios

1. Bullish

Bull are striving to attack the $483 mark. After that, it’s possible to see growth to $500 and a consolidation in the current area.

2. Neutral

Neutral scenario proposes a test in the $480 – 483 direction and a consolidation in the $471 – 479 area.

3. Bearish

Bearish scenario foresees a decline into the $445 – 453 range and then a consolidation. The scenario seems unlikely, but we could see it if bitcoin falls down to $6,721 without any support from buyers.

Dash

Dash (DASH/USD) has tested the resistance at the $272 level and returned to the $257 – 263 area which was provided by neutral scenario.

Daily Scenarios

1. Bullish

In this scenario the main target for buyers is the resistance at the $272 level. Next step is a possible growth up to $292.

2. Neutral

Neutral scenario has not changed since Wednesday: an attack at $272 and a consolidation in the $257 – 263 area are likely.

3. Bearish

Bears may expect a decrease into the $242 – 252 area. It’s possible to see a test towards $238.

Trading in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and Insider.pro are not liable for the potential losses incurred.

By Yana Sher

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